Correlation Analysis
Canadian Dollars to U.S. Dollar Spot Exchange Rate vs Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
DEXCAUS vs IRSTCB01CAM156N
-0.074
Weak inverse
When one moves up, the other tends to move down.
AI Analysis
The weak negative correlation between Series A (DEXCAUS) and Series B (IRSTCB01CAM156N) suggests that, while these two economic indicators occasionally move in opposite directions, the relationship is not strong or consistent. With only about 54% of the time periods aligning in the same direction and minimal predictive power, investors should be cautious in using one series to forecast the other. Additionally, the notable lead of one series over the other by six months indicates that timing is crucial, but the overall weak correlation limits the reliability of such predictions.
Timing Offset
x leads y by 6 periods
DEXCAUS tends to move before IRSTCB01CAM156N.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.478 (13 lags scanned)
R-Squared
0.1%
Share of variance in one series explained by the other.
Trend Agreement
54.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
636
Robust shared window — 636 usable pairs.
Significance
n.s.
95% CI: [-0.353, 0.304] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
636 paired observations survived the monthly window.
Raw input
13,856
768
Normalized
13,856
768
Prepared
663
768
Aligned
636
636
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
159
A: 27 / B: 132
Series A
DEXCAUS
Canadian Dollars to U.S. Dollar Spot Exchange Rate
FRED · 13,856 raw → 663 prepared
Series B
IRSTCB01CAM156N
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
FRED · 768 raw → 768 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
-0.8087
Linear regression slope.
Intercept
7.0470
Linear regression intercept.
Saved 13 hours ago · ID: fred-dexcaus-vs-fred-irstcb01cam156n-monthly-20260406-zvzcb9